The Nebraska Community Foundation works with community, organizational and donor-advised affiliated funds serving 250 communities located in 80 counties. NCF and its affiliated funds have reinvested $269 million in Nebraska since 1994.
There are two ways in which charitable gifts may be arranged. One arrangement is to set up a gift as a permanent endowment. With this arrangement the principal is invested, with only the investment earnings used to make grants – thus assuring the perpetual use of the gift. The other arrangement is known as nonpermanent with the principal and any earnings available to make grants. This arrangement is often used to meet the funding needs of certain capital projects.
The following types of funds can be created with the Nebraska Community Foundation as permanent endowments, nonpermanent funds or a combination of these two arrangements.
Your clients may wish to make a gift to one of the Nebraska Community Foundation’s affiliated funds unrestricted endowments. With this type of gift your clients place their trust in the Fund Advisory Committee of the affiliated fund to determine where grant money is needed the most. Gifts to unrestricted funds provide the most flexibility for making grants in support of critical needs in communities and charities.
Your clients may designate specific charities or communities to receive their gifts. This type of fund is arranged only as a permanent endowment, thus guaranteeing income for the charity or community in perpetuity.
With this type of fund your clients are actively involved in the distribution of their gifts by making grant recommendations to support different charities, communities or charitable activities that are of interest to them.
Brochures are available with information about the benefits of establishing a donor-advised fund.
Some private foundations have chosen to change their legal status and become affiliated funds of the Nebraska Community Foundation. By doing so, they often become more time and cost-efficient.
Your clients can support their hometown or favorite charity with a planned gift. Nebraska Community Foundation provides education, training, financial management and strategic development to approximately 1,700 volunteer leaders of 100 community-based affiliated funds throughout Nebraska. These affiliated fund leaders are working to build stronger, more prosperous communities by encouraging others to give back to their hometown by supporting their local community fund through Nebraska Community Foundation.
Currently NCF also serves organizational affiliated funds for more than 30 nonprofits, such as Nebraska Farm Bureau, Nebraska Cattlemen, and many health and educational foundations.
Today approximately planned gifts totaling $54 million is in place to benefit these communities and organizations in the future.
If you have any questions about helping your client plan a gift to one of our community-based or organizational funds please contact us. We would be happy to assist you and answer any questions you might have.
Gaylord and Alta spent most of their lives working on their Hill Ranch north of Burwell. They were strong supporters of their community and were deeply appreciative of its culture and history. Gaylord passed away at the age of 99 in January 2013. His wife, Alta McClimans Wallace, preceded him in death several years before.
Before his death, Gaylord had carefully arranged planned gifts to benefit the organizations and causes he and Alta cared deeply about.Read more →